Replying to nicodemus

I don’t get these takes. Bitcoin is and always will be tied to economy. If the stock market drops by 60%, it means there is economic distress. This means selling of bitcoin for USD. Bitcoin will go down. People will exchange at least some of their savings in btc for survival.

The same argument (low supply on exchanges) for the price rapidly going up is also the same argument for why it can go down in just as rapid of a fashion.

Until we live in a btc-denominated global economy, this is the way it is.

I am fighting for that future but it is not here, yet. Its fun to dream, but people also need to be real about this.
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VINNY 1y ago

What exactly is “economy” at the end of a credit cycle though? When the house of cards starts to topple value seeks solid ground. Don’t confuse volatility for lack of stability in a long term view

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